U.S. stocks rise to a record as oil prices drop and inflation gets less bad
- The U.S. stock market reached an all-time high as inflation showed signs of improvement.
- The S&P 500 rose by 0.7%, surpassing its previous record set last week.
- Oil prices dropped by 2.1%, with Brent crude oil priced at $87.07 per barrel.
- Inflation at the wholesale level was reported at 4.7%, down from 5.5% in June.
- Traders are now betting on a 35% chance of the Federal Reserve raising interest rates at its next meeting.
The U.S. stock market rose to an all-time high on Thursday, buoyed by signs that inflation is getting less severe. The S&P 500 climbed 0.7% to surpass its previous record set last week, while the Dow Jones Industrial Average added 69 points, or 0.1%, and the Nasdaq composite gained 0.8%.
A report indicated that prices at the U.S. wholesale level were 4.7% higher than a year earlier, an improvement from June's 5.5% inflation rate. This trend has led traders to reduce expectations for an interest rate hike by the Federal Reserve, now betting on only a 35% chance of an increase at the next meeting in September.
Oil prices also contributed to the market's positive momentum, with Brent crude oil falling 2.1% to $87.07 per barrel. The decline in oil prices has helped ease inflation concerns, which in turn supports the stock market. Real estate stocks performed well, benefiting from lower interest rates and mortgage rates, which could stimulate housing market activity.
美国股市创纪录上涨，油价下跌，通胀有所缓解
美国股市在周四上涨至历史新高，受到通胀减缓迹象的提振。标准普尔500指数上涨0.7%，超过上周创下的前纪录，道琼斯工业平均指数增加69点，涨幅为0.1%，纳斯达克综合指数上涨0.8%。
一项报告显示，美国批发层面的价格比一年前上涨了4.7%，相比于6月的5.5%通胀率有所改善。这一趋势使交易者降低了对美联储加息的预期，现在预计下次会议上加息的概率仅为35%。
油价的下跌也为市场的积极势头提供了支持，布伦特原油价格下跌2.1%，至每桶87.07美元。油价的下降有助于缓解通胀担忧，从而支持股市。房地产股票表现良好，受益于较低的利率和抵押贷款利率，这可能刺激住房市场活动。